The seasonally adjusted series for total personal finance rose by 2.4% to $6 748 million in April 2004, the second consecutive monthly increase. Fixed lending decreased by 0.8% and revolving credit commitments increased by 4.7%.

The total personal finance commitments trend series was steady in April 2004. The trend for revolving credit commitments increased by 0.3%, while the fixed lending trend fell for a sixth successive month (down 0.3%).

In original terms, fixed lending commitments decreased by 15.5% to $2 635 million in April 2004. This fall returned total fixed lending to levels experienced before March.

COMMERCIAL FINANCE

The seasonally adjusted total commercial finance series increased by 11.7% in April 2004. Revolving credit commitments and fixed lending commitments rose by 30.9% and 2.5%, respectively.

The total commercial finance trend estimate decreased by 0.5% in April 2004. The fixed lending trend fell by 0.7%, while revolving credit remained virtually unchanged.

The seasonally adjusted purchase of dwellings for rent or resale by individuals series increased to $4 875 million (up 4.3%) in April 2004, the second consecutive monthly increase following previous four successive monthly decreases. The trend series fell by 2.2% in April, a relatively weaker trend decline compared to the previous five months.

Purchase of Dwellings by Individuals for Rent or Resale

LEASE FINANCE

In seasonally adjusted terms, the lease finance series decreased by 6.1% to $506 million in April 2004, following a 2.1% increase in the previous month. The lease finance trend series fell by 1.8%, the sixth successive monthly decrease.

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.